Hold the Presses is your online newsportal en brings press releases from around the world. Journalists can use it for free, although it is their responsibilty to check the news. Hold the Presses is in no way responsible for the content of the press releases, the Sender is.
We hope you enjoy reading the news we bring you on this website. If a message is published that is not acceptable, we apologize. Please contact us and we will remove the message as soon as possible.

Thursday, 7 December 2017

EDF : Results of the option to receive the 2017 interim dividend in shares

On 7 November 2017, the Board of Directors of EDF declared a 2017 interim dividend of €0.15 per share and offered, under the conditions set by the fourth resolution at the Mixed General Meeting of 18 May 2017, the option for shareholders to receive the 2017 interim dividend in new shares of the Company.

The period for exercising the option ran from 16 November 2017 to 30 November 2017 inclusive. At the end of the option period, 92.20% of rights were exercised in favor of receiving the payment for the 2017 interim dividend in shares.

40,084,530 new shares will be issued, representing 1.4% of the Company's share capital on the basis of the current share capital. The share price for the new shares to be issued as payment of the 2017 interim dividend was set at €9.94 on 7 November 2017.

The settlement and delivery of the new shares as well as their admission to trading on the Euronext Paris will occur on 11 December 2017. The shares will carry immediate dividend rights and will be fully assimilated with existing shares already listed.

The total remaining cash dividend to be paid to shareholders who did not elect to receive the 2017 interim dividend in shares amounts to c. €33.75 million and the payment in cash will take place as of 11 December 2017. The amount of the cash adjustment to be paid to shareholders who opted for the interim dividend payment in shares stands at around €445,953.

A key player in energy transition, the EDF Group is an integrated electricity company, active in all areas of the business: generation, transmission, distribution, energy supply and trading, energy services. A global leader in low-carbon energies, the Group has developed a diversified generation mix based on nuclear power, hydropower, new renewable energies and thermal energy. The Group is involved in supplying energy and services to approximately 37.1 million customers, of which 26.2 million in France. The Group generated consolidated sales of €71 billion in 2016. EDF is listed on the Paris Stock Exchange.